Posted by admin on Jun 30th, 2022
Fast Radius, Inc. (NASDAQ:FSRD – Get Rating) shares were down 3.6% during trading on Wednesday . The company traded as low as $0.44 and last traded at $0.45. Approximately 303,950 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 740,798 shares. The stock had previously closed at $0.47.
Separately, Needham & Company LLC decreased their price objective on Fast Radius to $3.00 and set a “na” rating on the stock in a report on Monday, May 16th.
The business’s 50-day moving average is $0.60.
Fast Radius (NASDAQ:FSRD – Get Rating) last announced its earnings results on Thursday, May 12th. The company reported ($0.73) earnings per share (EPS) for the quarter. The business had revenue of $6.26 million during the quarter.
Several institutional investors have recently bought and sold shares of FSRD. Qube Research & Technologies Ltd acquired a new position in shares of Fast Radius during the first quarter worth $25,000. Northern Trust Corp acquired a new position in shares of Fast Radius during the first quarter worth $53,000. Vanguard Group Inc. acquired a new position in shares of Fast Radius during the first quarter worth $58,000. State Street Corp acquired a new position in shares of Fast Radius during the first quarter worth $68,000. Finally, Cresset Asset Management LLC acquired a new position in shares of Fast Radius during the first quarter worth $84,000. 37.12% of the stock is currently owned by institutional investors and hedge funds.
About Fast Radius (NASDAQ:FSRD)
Fast Radius, Inc operates as a cloud manufacturing and digital supply chain company. Its Cloud Manufacturing Platform supports engineers, product developers, and supply chain professionals in various stages of product design and manufacturing, including discover, design, make, and fulfill. It offers a range of manufacturing technologies, including additive manufacturing, computer numerically controlled machining, injection molding, sheet metal, urethane casting, and other manufacturing methods.
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